I will wait until wave (5) of C travels the same distance as wave A of this assumed correction.
This price level +/- confluences with 0,618 Fibo extension applied to the distance covered by waves (1)-(3)
Will watch for the price action hints for the potential reversal to the downside. That will be my trade)
PS. I am not labelling internal waves of C - just in case - a triangle inside the channel is wave (4)
This price level +/- confluences with 0,618 Fibo extension applied to the distance covered by waves (1)-(3)
Will watch for the price action hints for the potential reversal to the downside. That will be my trade)
PS. I am not labelling internal waves of C - just in case - a triangle inside the channel is wave (4)